How to navigate charts - a brief guide to indicators
RSI (Relative Strength Index) — Relative Strength Index
This is one of the most popular oscillators in trading, which shows whether an asset is overbought or oversold.
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How it works:
Scale: from 0 to 100
Key levels:
70+ — asset is overbought (possible correction down)
30- — asset is oversold (possible bounce up)
50 — neutral zone (balance between buyers and sellers)